Korean Conflict, European Worries Weigh on Stocks

New York, NY (AP) - Stocks are down sharply on a spate of negativenews from Asia, Europe and the U.S.

North Korea and South Korea exchanged artillery fire earlyTuesday, killing at least two South Korean marines. That came asinvestors were already concerned that a bailout of Ireland may notbe enough to contain Europe's debt crisis. In the U.S., sales ofpreviously-owned houses dipped 2.2 percent in October.

According to preliminary calculations, the Dow Jones industrialaverage fell 142, or 1.3 percent, to 11,036.

The S&P 500 lost 17, or 1.4 percent, to 1,180. The Nasdaqcomposite fell 37, or 1.5 percent, to 2,495.

Falling shares outpaced rising shares by four to one on the NewYork Stock Exchange. Volume was 1 billion shares.

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